Question: The most significant risks auditors face when management is rewarded on the basis of financial performance is management override and inadequate closing procedures.

The most significant risks auditors face when management is rewarded on the basis of financial performance is • management override and inadequate closing procedures. • poor internal controls and inadequate closing procedures. • inadequate closing procedures, overstatement of income, and understatement of expenses. • inadequate closing procedures and smoothing of income

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